EC launches green paperJuly 2001
The European Commission begins a major consultation exercise on its corporate social responsibility policies this month with the launch of a green paper.
The six-month consultation will end in December and is intended to result in a fully-fledged CSR policy by the end of 2002. The green paper, published slightly later than expected, will form the basis of the discussions, and will be the focus of an EC conference on CSR to be held in Brussels from 27-28 November.
Dominique Be, deputy head of the EC’s employment directorate, which has produced the green paper, said the document ‘will be the start of a strategy at European level about CSR’ .
He added that the strategy would emphasize a voluntary approach to CSR by companies, although enabling legislation at European Union level could be a possibility.
‘I could well imagine, for instance, that the UK pensions regulation, which asked pension funds to state their position on socially responsible investment, could become an EU regulation,’ he said.
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